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Category: Cryptocurrencies

Cryptocurrencies

Canada Q4 GDP Worse Than Expected, But January Starting on the Right Foot

Annualized Q4 GDP for Canada was much worse than expected, with a print of 0% vs an expectation of +1.5% and a Q3 reading of +2.3%.  This was the lowest reading since Q2 2021.  The Read more…

By , 4 years ago February 28, 2023
Cryptocurrencies

Canada Q4 GDP Worse Than Expected, But January Starting on the Right Foot

Annualized Q4 GDP for Canada was much worse than expected, with a print of 0% vs an expectation of +1.5% and a Q3 reading of +2.3%.  This was the lowest reading since Q2 2021.  The Read more…

By , 4 years ago February 28, 2023
Cryptocurrencies

Canada Q4 GDP Worse Than Expected, But January Starting on the Right Foot

Annualized Q4 GDP for Canada was much worse than expected, with a print of 0% vs an expectation of +1.5% and a Q3 reading of +2.3%.  This was the lowest reading since Q2 2021.  The Read more…

By , 4 years ago February 28, 2023
Cryptocurrencies

Canada Q4 GDP Worse Than Expected, But January Starting on the Right Foot

Annualized Q4 GDP for Canada was much worse than expected, with a print of 0% vs an expectation of +1.5% and a Q3 reading of +2.3%.  This was the lowest reading since Q2 2021.  The Read more…

By , 4 years ago February 28, 2023
Cryptocurrencies

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 135.92; (P) 136.23; (R1) 136.55; More… No change in USD/JPY’s outlook as focus stays on 38.2% retracement of 151.93 to 127.20 at 136.64. Rejection by this fibonacci level, followed by break of Read more…

By , 4 years ago February 28, 2023
Cryptocurrencies

Canada GDP down -0.1% mom in Dec, but expected to rebound in Jan

Canada GDP contracted -0.1% mom in December, worse than expectation of 0.2% mom expansion. Goods-producing industries declined -0.6% while service-producing industries were essentially unchanged. For Q4, GDP grew 0.2% qoq, slowest pace since Q2, 2021. Read more…

By , 4 years ago February 28, 2023
Cryptocurrencies

GBP/CHF accelerate on UK/EU agreement, ready for medium term range breakout

Sterling’s rally is accelerating today with sentiment lifted by the Windsor Framework as agreed between the UK and EU regarding the handling of Ireland/Northern Ireland. GBP/CHF’s rise from 1.1072 accelerated to as high as 1.1353 so Read more…

By , 4 years ago February 28, 2023
Cryptocurrencies

AUD/USD Eyes CPI, GDP

The Australian dollar remains under pressure and has edged lower on Tuesday. AUD/USD dropped below the 0.67 line on Monday for the first time since Jan. 3. Australian retail sales bounce back Australian retail sales Read more…

By , 4 years ago February 28, 2023
Cryptocurrencies

Risk Sentiment Wavers On Fed Fears

Asian shares were a mixed bag on Tuesday as fears over rising U.S. interest rates hit overall sentiment in the region. European futures are pointing to a positive open this morning, tracking the modest gains Read more…

By , 4 years ago February 28, 2023
Cryptocurrencies

Two Trades to Watch: EUR/GBP, USD/CAD

EUR/GBP falls after post-Brexit deal agreed & with inflation in focus EUR/GBP is falling, extending losses from the previous session after a post-Brexit trades deal was agreed upon and as investors look ahead to the Read more…

By , 4 years ago February 28, 2023

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